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Costing Method
An approach or procedure used to assign costs to products or services, including methods like job order costing, process costing, and activity-based costing.
Days In Inventory
A financial ratio indicating the average number of days a company takes to turn its inventory into sales, reflecting inventory management efficiency.
Inventory
The goods and materials a business holds for the ultimate goal of resale or processing.
Days In Inventory
A financial metric that indicates the average number of days a company holds inventory before it is sold, calculated by dividing inventory by cost of goods sold and multiplying by 365.
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